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RegTech enables real-time reporting, ensuring that betting platforms can provide regulators with up-to-the-minute information on their operations. Real-time reporting enhances transparency and allows regulators to monitor activities closely, fostering a collaborative and compliant relationship between the industry and regulatory bodies. Who got promoted to the premier league 2023, Australians wishing to place bets previously had to travel long distances and spend much time and effort visiting racetracks or bookmakers' shops in order to make bets. Due to this inconvenient process, illegal bookies began popping up in bars and other venues with more favorable pricing due to not paying taxes for official bookies located at races; eventually this gave rise to off-course betting - eventually making racing more accessible than ever.
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